The indicator of the Bank of Portugal which measures economic activity was virtually halted in October, just like what happened in the previous month, said today the central bank Portuguese. Already private consumption to accelerate again.
The indicator of the Bank of Portugal which measures economic activity was virtually halted in October, just like what happened in the previous month, said today the central bank Portuguese. Already private consumption to accelerate again.
According to the indicators of economic conditions, released today by the Bank of Portugal, the monthly coincident indicator for measuring economic activity, registered a variation rate of 0.3% in October, after a variation of 0.2% in September .
Since July this indicator shows that developments very low, between 0.1% and 0.3%.
"In October 2008, the monthly coincident indicator for the trend rate of economic activity, calculated by the Bank of Portugal, had been relatively stable compared to the previous month," refers to the institution headed by Victor Constantius in the report Indicators of Conjuntura November.
Consumption back to recover
Despite the intensifying crisis, data from the Bank of Canada indicate that consumption has accelerated in October, with an annual growth of 1.4%, which compares with a rise of 1.1% in September.
The Bank of Canada has lowered growth in consumption of September, from 1.4% to 1.1%.
"The monthly coincident indicator for the development trend of private consumption rate, calculated by the Bank of Portugal, again recovered against the previous month," states the report by the Bank of Portugal.
The indicator of the Bank of Portugal which measures economic activity was virtually halted in October, just like what happened in the previous month, said today the central bank Portuguese. Already private consumption to accelerate again.
According to the indicators of economic conditions, released today by the Bank of Portugal, the monthly coincident indicator for measuring economic activity, registered a variation rate of 0.3% in October, after a variation of 0.2% in September .
Since July this indicator shows that developments very low, between 0.1% and 0.3%.
"In October 2008, the monthly coincident indicator for the trend rate of economic activity, calculated by the Bank of Portugal, had been relatively stable compared to the previous month," refers to the institution headed by Victor Constantius in the report Indicators of Conjuntura November.
Consumption back to recover
Despite the intensifying crisis, data from the Bank of Canada indicate that consumption has accelerated in October, with an annual growth of 1.4%, which compares with a rise of 1.1% in September.
The Bank of Canada has lowered growth in consumption of September, from 1.4% to 1.1%.
"The monthly coincident indicator for the development trend of private consumption rate, calculated by the Bank of Portugal, again recovered against the previous month," states the report by the Bank of Portugal.
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